Another big loss for Korean GP

Nov.22 (GMM) There are worrying signs for the future of the new Korean Grand Prix, with organisers admitting yet another big financial loss for the October race.

Start: Mark Webber, Red Bull Racing leads
Start: Mark Webber, Red Bull Racing leads

Photo by: xpb.cc

The 2012 edition of the Yeongam event was the third since 2010, and all of them have recorded big losses.

The latest loss is $36 million, according to the Yonhap news agency.

"Just because the loss was reduced, I am not sure we can call this year's race a success," said South Jeolla council member Seo Dong-wook.

"We will need to take some fundamental steps to change it."

Write a comment
Show comments
About this article
Series F1
Article type Breaking news
Tags korea, korean gp, yeongam

User photos

Motorheart
F1

Motorheart

1 photos
momomoy52
F1

momomoy52

18 photos
sleboz
F1

sleboz

4 photos
EuroRacer
F1

EuroRacer

45 photos
Josefine Lißner
F1

Josefine Lißner

1 photos
hanmerdesign
F1

hanmerdesign

9 photos
Evan_DeCiren
F1

Evan_DeCiren

30 photos
colfox72
F1

colfox72

1 photos
Upload photo